Thread: Gbp/Jpy
GBPJPY Trends Until now is down but weak.
The TCCI indicator is still red but very close to the price of the candle.
Stocholastic also seems close and has the potential for falt conditions.
Now, when I post this analysis, GBPJPY price is moving near Intraday R1 118.86.
Until now, there was no good signal to enter.
GBPJPY will be a trend if Intraday High 118.86 can be broken again from the buttom.
And GBPJPY could be a Downtrend if / after Intraday Long 118.62 has broken from above.
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The short term trend of the pair is to the downside. The intraday trading range of the pair is expected between the key support at 121.50 and key resistance at 126.30. Based on my graph analysis, I prefer to stay away from the pair until we get the confirmation settings for the next big step. and the short-term trend of the pair is to the downside. The intraday trading range of the pair is expected between the key support at 122.30 and key resistance at 125.80. Based on my chart analysis, I would rather buy a pair above 123.15 with a target of 124.20 then 125.30 and stop loss with a four-hour candle close below 122.30.
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Gbpjpy
british pound / japanese yen
136.557
jpy
−0.561 (−0.41%)
market open (oct 14 11:54 utc-4)
137.118
prev
136.814
open
302.837k
volume
135.499 — 137.169
day's range
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The pair seems to break the minor uptrend line.
If the price able to break the line, we may see down movement targeting 128.44
Major trend : Down
Minor trend : Up
Current status : The pair is trying to break the uptrend line.
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Asifm730 (2019-10-14)
i will predicted this gbp/jpy pair have being bearish long terms down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today.
time frame that is considered while making support and resistance levels – Daily and Weekly time frame,
consider the daily economic news before taking the trade thats giver big pips total intraday.
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buttar (2019-10-14)
GBPJPY Currently the pair is trading in Tools, seeing that our Average Exponential Indicator (ADX) has a neutral trend direction. If we see the Commodity Channel Index (CCI) at -133,642, give us a suggestion that we should look for a Sell Situation. This together with the Moving Average Convergence Divergence (MACD) at -0.0062, tells us that we must be in a neutral trend. This data helps us to make a decision about the price direction for this pair. and There are several factors that can affect the exchange rate of the GBP / JPY pair, such as variations in interest rates between the Bank of Japan and the Bank of England. This currency fluctuates more so that some people prefer to trade with this pair. But please follow the news. Find similarities in other currency pairs that can be reflected in your trading.
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Pivot, Resistance Levels and Support Levels for GBP / JPY
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 142.144
Resistance Level (R2): 139.941
Resistance Level (R1): 138.520
Pivot Point: 136.317
Support Level (S1): 134.896
Support Level (S2): 132.693
Support Level (S3): 131.272
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Standard pivot
GBPJPY
R3 128,037
R2 127.14
R1 126,244
PIVOT 124,568
S1 123,672
S2 121,996
S3 121.1
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GBP / JPY has rebounded strongly and developments indicate that a corrective advance from 118.82 is still in process. Intraday bias slightly rose to 125.82 and above. But anyway, we would expect a strong resistance of 127.10 to conclude a corrective rally, under conditions of bearish divergence within 4 hours of the MACD. Break of 122..86 minor support will now reverse the bias back to the downside to retest 118.82 of the next support. and the GBP / JPY pair today is moving strongly with the last trading day of the month, and exceeds 200 points in a step beyond Fibonacci level 38, but returning to trading below it again awaiting the close of the day, we can determine the future direction
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Gbp/Jpy
Resistance level
Resistance level 1.138.65
Resistance level 2.140.25
Resistance level 3.142.54
Supporting level
Supporting level 1.134.75
Supporting level 2.132.32
Supporting level 3.130.75
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